Four years after the 2022 market peak, economists are cautiously suggesting that Canada’s housing correction may finally be reaching its floor. BMO’s Robert Kavcic notes that lower borrowing costs and stabilized supply are helping prices find a footing, though he warns that the Toronto condo market specifically may face continued weakness well into 2027.
Data from the Canadian Real Estate Association (CREA) supports this shift, showing national home sales up seven per cent from their March low and a notable tightening in inventory levels. However, experts like Ben Rabidoux and RBC’s Robert Hogue caution that any recovery will be gradual and ‘bumpy’ rather than a sharp rebound. With construction starts at 1990-era lows and affordability remaining a significant hurdle for many, the consensus is that we are entering a period of prolonged price stability rather than a new boom. For the full analysis on what this means for your portfolio, read the original article at the Financial Post.
Source: Read the original article
